Shell is consulting experts and commercial partners about what to do with the reinforced concrete base structures, each of which rises 160m from the seabed and weighs about 300,000 tonnes. The low oil price has put companies under pressure to shut facilities as cheaply as possible.

Natural-gas prices plunged to a 14-year low, as the warmest start to winter on record in the U.S. saps demand for the heating fuel and deals another blow to struggling energy companies.

Turkmenistan on Sunday began building its segment of a natural gas pipeline to Afghanistan, Pakistan and India (TAPI), a $10 billion project designed to ease its dependence on Russia and China.

Международное рейтинговое агентство Moody's ухудшило свой прогноз по цене нефти марки Brent в 2016 году до 43 долларов за баррель с ожидавшихся ранее 53 долларов за баррель в связи с тем, что высокий уровень добычи нефти значительно превысил рост ее потребления.

Suncor Energy today announced that it is sending a letter to shareholders of Canadian Oil Sands Limited ("COS"). The letter outlines the value of Suncor's offer to purchase all of the shares of COS against the poor performance and track record of COS and what Suncor believes are the severe risks facing COS as an independent company both now and in the future. Suncor strongly encourages COS shareholders to tender to its offer.

Any change in U.S. oil policy will have “zero” impact on the market because the country remains an importer, OPEC Secretary-General Abdalla El-Badri said Tuesday.

The push into Asia comes at a pivotal moment in Saudi Arabia. With oil revenue falling, the kingdom is tightening its belt just as a new king ventures away from the kingdom’s traditionally conservative diplomacy. The International Monetary Fund predicts a budget deficit exceeding 20 percent of economic output this year.

Indonesia wouldn’t try to block an OPEC decision to throttle back output “as long as we wouldn’t get cut,” the country’s OPEC Governor Widhyawan Prawiraatmadja said in an interview in Jakarta on Tuesday. “We are new, we like to listen, to observe,” he said, adding he didn’t know what price level would trigger an extraordinary OPEC meet.

The United States has estimated Islamic State was selling as much as $40 million a month of oil, which was then spirited on trucks across the battle lines of the Syrian civil war and sometimes farther.

Flexibility and the ability to survive through the price cycle are more important to oil producers and consumers than flaky forecasts about where prices are going over the next 3, 5 or 10 years.

"Наша политика в текущей ситуации заключается в сохранении объемов добычи на уровне 525-530 млн тонн в соответствии с Энергостратегией до 2035 года."

Saudi Aramco, the kingdom's state oil giant, is seeking to borrow $4.7 billion from banks to refinance capital used to build a refinery in collaboration with China's Sinopec, three sources with knowledge of the matter said on Tuesday.

Nord Stream-2 is still supposed to meet a hypothetical rise of EU gas demand, and also to deal with the abandonment of other projects, like the Nabucco project, which was largely abandoned in 2012, the South Stream project abandoned in December 2014, as well as the ill-fated Turkish Stream project, held hostage in the Russian-Turkish war of words that has followed the shooting down of a Russian warplane by the Turkish Airforce.

The product of Turkey’s far-sighted, strategic energy partnership with Azerbaijan, TANAP will initially transport 16 bcm annually from the Shah Deniz field’s second phase of development via the expanded South Caucasus Pipeline (SCPX) extending across Azerbaijan and Georgia to the Turkish border.

In theory, the European Union is pursuing a single energy market, based on the needs of all 28 EU nations. It is also meant to be united against Russia as it seeks to defend the interests of Ukraine following Moscow's seizure of Crimea in March last year.

The additional volumes are roughly what Gazprom has been piping to the EU through Ukraine, raising concerns that the new route would allow Russia to strip Kiev of much of its remaining economic leverage and an important source of income.

The Nord Stream II pipeline would stretch 1,200 kilometers across the Baltic Sea, from Vyborg on the Russian coast to Griefswald, Germany. Once completed, it would have the capacity to transport 27.5 billion cubic meters of gas directly to Germany, circumventing Ukraine and the Central and Eastern European states. Russia’s Gazprom would own 50% of the project, and France’s Engie, Austria’s OMV, Royal Dutch Shell, and Germany’s BASF and E.ON each would own a 10% share.

“Currently, they have their sights firmly on the Americas, having expressed interest in future gas projects in Mexico, Argentina, Venezuela, and Bolivia, among others.”

OAO «НОВАТЭК» сообщило сегодня о подписании окончательных обязывающих соглашений в рамках сделки по продаже доли в проекте «Ямал СПГ» китайскому инвестиционному «Фонду Шелкового Пути».

В целях выполнения стратегических задач по увеличению добычи, обеспечению поставок нефти и нефтепродуктов, поддержания доли на российском и мировом рынке, Компания планирует увеличить капитальные вложения на треть от уровня 2015 года.